Outgoing BOJ's Hayami says only so much we can do

As governor Masaru Hayami prepares to bow out of the Bank of Japan he spoke at his final news conference. He said that the central bank could not cure Japan's economic woes on its own and that social and political measures must be used to kick start demand. Only then can Japan rid itself of deflation.

Source: Pacific Business News

Masaru Hayami, in his last news conference as head of the Bank of Japan, said his critics expect more of the same central bank than it can give, and asserted that Jap

To continue reading...